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Problem 13-2A Stock investment Transactions,trading securities- Heritage Insurance Co. is a regional insurance company

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Problem 13-2A;Stock investment Transactions,trading securities;Heritage Insurance Co. is a regional insurance company that began operations on January 1, 2012. The following transactions relate to trading securities acquired by Heritage Insurance Co., which has a fiscal year ending on December 31;1.Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".;Date Amount Debit Credit;2012;Feb. 21;Mar. 9;May 3;June 8;Dec. 31;2013;May 21;June 11;Aug. 16;Dec. 31;2.Prepare the investment-related current asset balance sheet disclosures for Heritage Insurance Co. on December 31, 2013. Enter all amounts as positive numbers.;HERITAGE INSURANCE CO.;Balance Sheet (selected items);December 31, 2013;Current assets;3.How are unrealized gains or losses on trading investments disclosed on the financial statements of Heritage Insurance Co.?;The input in the box below will not be graded, but may be reviewed and considered by your instructor.

 

Paper#18688 | Written in 18-Jul-2015

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